Cement rates up despite import threat

Cement rates up despite import threat
Published: 09 July 2007

Cement prices in India are moving up despite Government of India allowing import of the product. The prices have gone up by Rs3-5 per 50kg bag in most of the regions of the country.

The hike was steeper in the southern region, which is witnessing a rise of Rs8 per bag. The dealers expect that prices will go up further in the coming weeks due to high demand.

In order to curb price rise the Government has waived all duties on cement imports. Despite this the cement imports have been meagre due to time-consuming certification procedure. It stipulates that foreign manufacturers wishing to export their cement to India must obtain certification from the Bureau of Indian Standards.